Vecino Energy Receives $200 Million Equity Commitment from EnCap Flatrock Midstream
Summary
Vecino plans to acquire and develop infrastructure to support the domestic oil and gas industry by leveraging its broad-based energy experience, which includes executive positions at public and private companies focused on upstream reserve development, oil and gas marketing, wellhead to consumer midstream systems, refining and heavy product storage and distribution.Vecinos management team is led by Chief Executive Officer Wayne Ziegler, President David Ash and a team of industry veterans, including Chief Operating Officer Jasen Walshak and Executive Vice President of Strategy and Business Development Nelson Ferries. Mr. Walshak most recently served as COO at Nueces Midstream and prior to that role, he spent over a decade at BlackBrush Oil & Gas in multiple leadership positions, including western division manager. Mr. Ferries began his 40-year career as a drilling and field engineer with Gulf Oil and Chevron and later transitioned to business development roles with Chevron, PG&E, Enron and spent nearly two decades at BP Energy Company before joining the rest of the management team at Nueces Midstream.We are truly excited to work with the EnCap Flatrock team and believe that the alignment of both our investment philosophies, particularly in light of current market conditions, will result in a very productive partnership, said Mr. Ziegler.Mr. Vecino leverages its teams experience operating upstream, midstream and downstream assets to craft custom solutions for its industry partners. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors.